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Terms of Service
 

Table of Contents

  1. Terms of Service Agreement
  2. Eligibility for Membership
  3. Participation Requirements
  4. Modifications to Services
  5. Privacy and Security Policy
  6. Username, Password and Security
  7. Fees
  8. Participation in Transactions
  9. Links
  10. Proprietary Rights
  11. Acceptable Conduct
  12. Quality, Use and Transmission of Content
  13. General Practices Regarding Use and Storage
  14. Disclaimer of Warranties
  15. Limitation of Liability
  16. No Resale of the Services
  17. Indemnification
  18. Termination
  19. Notices
  20. Arbitration
  21. Caution Regarding Services Relating to Financial Matters
  22. General
  23. Acknowledgment


1. Terms of Service Agreement

This Terms of Service Agreement sets forth the terms and conditions under which you may access the services provided by Equity Capital Fund, Inc.. Although Equity Capital Fund, Inc.’s services are intended solely for the use of its associates, visitors who access public areas of our Web site for informational purposes are also subject to all of the following terms of service.

By submitting a Membership Application, you are indicating your agreement to be bound by all of the terms and conditions set forth below. If you do not accept all of the terms of service or have questions not answered by our Frequently Asked Questions, do not submit the Membership Application and please contact Equity Capital Fund, Inc. at info@equitycapitalfund.com.

Equity Capital Fund, Inc. may change these terms of service from time to time. Upon any change in these terms of service, Equity Capital Fund, Inc. will post the amended terms on this Web site. The amended terms of service shall automatically become effective 30 days after their posting unless another time is specified. Your continued use of Equity Capital Fund, Inc.'s services after the posting of the amended terms of service on this Web site constitutes your affirmative acknowledgment of the amended terms of service as well as your agreement to abide and be bound by the amended terms of service.

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2. Eligibility for Membership

Our services are available only to U.S. resident individuals or entities that are accredited investors under U.S. securities laws. To gain the full benefits of Equity Capital Fund, Inc.’s services, you must complete both a Membership Application and an Account Application, and must be able to form legally binding contracts under applicable law. Use of Equity Capital Fund, Inc.’s services by Equity Capital Fund, Inc. investors is subject to all of the terms and conditions of the Account Agreement. If you do not qualify for membership, please do not attempt to use Equity Capital Fund, Inc.’s services. Equity Capital Fund, Inc. may refuse to offer its services to any person and may change its criteria for membership, at any time, at its sole discretion.

Equity Capital Fund, Inc. is not a registered broker-dealer, and any sales, offers to sell, or solicitations of offers to buy any securities, whether through this Web site or otherwise, will be made through our subsidiary broker-dealer. Any broker-dealer services which are related to the operation of our Web site will be also be provided by our subsidiary broker-dealer. These services include, without limitation, approving investor member applications and conducting communications with member investors that may be construed as offers to sell or solicitations of offers to buy any investment opportunity presented to investors on our Web site.

The material on the public areas of the Equity Capital Fund, Inc. Web site is intended to be used for informational purposes only. All information about investment opportunities posted on the password-protected areas of our Web site is solely for the use of approved account holders of our broker-dealer subsidiary. Under no circumstances may this information be reviewed by or distributed to any third party.

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3. Participation Requirements

In order to participate in the Equity Capital Fund, Inc. services and view investment opportunities, you must:
  1. Provide all equipment, including a computer and modem, necessary to establish a connection to the World Wide Web;
  2. Provide for your own access to the World Wide Web;
  3. pay any telephone or other service fees associated with such access;
  4. Certify that you are an accredited investor resident of the United States;
  5. Provide certain current, complete, and accurate information about you as prompted by the Account Agreement; and
  6. maintain and update such account information as required to keep such information current, complete, and accurate.

Equity Capital Fund, Inc. retains the right to terminate your account and the corresponding rights to use Equity Capital Fund, Inc.’s services if any account information that you provide is untrue, inaccurate, not current, or incomplete, or if Equity Capital Fund, Inc. has reasonable grounds to believe that any account information is untrue, inaccurate, not current, or incomplete.

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4. Modifications to Services

Equity Capital Fund, Inc. reserves the right to modify or discontinue its services, temporarily or permanently, with or without notice to associates, and is not obligated to support or update its services. You acknowledge and agree that Equity Capital Fund, Inc. shall not be liable to you or any third party in the event that Equity Capital Fund, Inc. exercises its right to modify or discontinue its services.

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5. Privacy and Security Policy

Membership information and other information about Members is subject to Equity Capital Fund, Inc.'s privacy policy. All information provided to Equity Capital Fund, Inc. is the sole owner of such information. Only with the approval of the Member, will Equity Capital Fund, Inc. forward such information to its syndicated Broker/Dealers. Equity Capital Fund, Inc. will comply with all Federal, State, and Local Reporting Agencies on the disclosure of any information.

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6. Username, Password and Security

Each member selects a password and an account name during the course of the Equity Capital Fund, Inc. membership process. You are responsible for maintaining the confidentiality of your password and account name. Furthermore, you are entirely responsible for any and all activities which occur under your password or account name. You agree to immediately notify Equity Capital Fund, Inc. of any unauthorized use of your account or any other breach of security known to you.

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7. Fees

By becoming a member of Equity Capital Fund, Inc.’s investor community, you agree to pay all subscription, service and usage fees that Equity Capital Fund, Inc. charges you. Any charges not disputed within 90 days of first appearing on your account statement will be deemed accepted by you and Equity Capital Fund, Inc. is released from any liability thereafter. You also agree to pay all federal, state and local taxes applicable to your use or receipt of Equity Capital Fund, Inc.’s services. You are responsible for any costs of collection and overdue amounts, including attorney’s fees.

If you have elected to pay for our services by credit card, and we do not receive payment from the card issuer or its agents, you agree to pay all amounts due upon demand by us. Each time you use Equity Capital Fund, Inc.'s services, you agree and reaffirm that we are authorized to charge your designated card. Your card issuer agreement governs your use of your designated card in connection with our services, and you must refer to your card issuer agreement with respect to any of your rights and responsibilities as a cardholder.

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8. Participation in Transactions

As an account holder with our broker-dealer subsidiary, our Web site will permit you to (1) review investment opportunities presented by our broker-dealer subsidiary, and (2) enter into correspondence with or participate in transactions sponsored by third party financial intermediaries. You acknowledge and agree that any such review, correspondence or participation, including the delivery of and the payment for securities and any other terms, conditions, warranties or representations associated with such review, correspondence or participation, are solely between you and the third party. BDirect Capital shall have no liability, obligation or responsibility whatsoever arising out of or in connection with any such review, correspondence, or participation.

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9. Links

Our Web site may provide links to other Web sites or resources. You acknowledge and agree that Equity Capital Fund, Inc. is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products, or other materials on or available from such Web sites or resources. You agree that Equity Capital Fund, Inc. shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, products, or services available on such external sites or resources.

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10. Proprietary Rights

You acknowledge that content, including but not limited to text, software, music, sound, photographs, video, graphics or other material contained on this Web site or in sponsor advertisements or commercially produced information presented to you through Equity Capital Fund, Inc.'s services by Equity Capital Fund, Inc. or Equity Capital Fund, Inc.’s advertisers, is protected by copyright, trademarks, service marks, patents or other proprietary agreements and laws and you are only permitted to use such content as expressly authorized by Equity Capital Fund, Inc.'s or the advertiser, as applicable. These terms of service do not transfer any right, title, or interest in Equity Capital Fund, Inc.’s services or the content to you, and you may not copy, reproduce, distribute, or create derivative works from content without express authorization from Equity Capital Fund, Inc. or the advertiser, as applicable.

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11. Acceptable Conduct

A. Sole Responsibility for Own Conduct.

You agree that you are solely responsible for your actions and the content of your transmissions through or posting on our Web site.

B. No Illegal or Deceptive Acts.

You agree:
  • to abide by all applicable local, state, national, and international laws and regulations in your use of Equity Capital Fund Inc. services (including, without limitation, regulations promulgated by the U.S. Securities and Exchange Commission, rules of any national or other securities exchange or quotation system including, without limitation, the New York Stock Exchange, the American Stock Exchange or the NASDAQ Stock Market, and regulations having the force of law);
  • not to use Equity Capital Fund, Inc.’s services for illegal purposes;
  • not to forge headers or otherwise manipulate identifiers in order to disguise the origin of any content you transmit through any portion of our Web site;
  • not to impersonate any person or entity or falsely state or otherwise misrepresent your affiliation with a person or entity;
  • not to upload, post, e-mail or otherwise transmit any content that you do not have a right to transmit under any law or under contractual or fiduciary relationships (such as inside information, proprietary and confidential information learned or disclosed as part of an employment relationship or under a nondisclosure agreement);
  • to comply with all laws regarding the transmission of technical data (including without limitation encryption) exported from the United States through Equity Capital Fund, Inc.’s services;
  • not to disrupt the normal flow of dialogue or otherwise act in a manner that negatively affects other associates' ability to engage in real-time exchanges;
  • not to use Equity Capital Fund, Inc.’s services to collect or harvest personal information, including, without limitation, financial information, about other associates; and
  • to comply with all regulations, policies and procedures of networks connected to Equity Capital Fund, Inc.’s services.


C. Libelous or Scandalous Material.

You agree:
  • not to post, promote or transmit through Equity Capital Fund, Inc.’s services any unlawful, harassing, libelous, abusive, threatening, harmful, vulgar, obscene, hateful, or racially, ethnically or otherwise objectionable material of any kind or nature;
  • not to transmit or post any material that encourages conduct that could constitute a criminal offense, give rise to civil liability or otherwise violate any applicable local, state, national or international law or regulation;
  • not to interfere with another member’s use and enjoyment of Equity Capital Fund, Inc.’s services or another entity’s use and enjoyment of similar services, or engage in surveys, contests, chain letters or post or transmit “junk mail,” “spam,” “chain letters,” or unsolicited mass distribution of e-mail; and
  • that Equity Capital Fund, Inc. neither endorses the content of any member communications, nor assumes any responsibility for any threatening, libelous, obscene, harassing or offensive material contained in such materials, or any crime facilitated by use of this Web site.


D. System Integrity.

You agree:
  • not to upload or distribute in any way files that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of another’s computer or of this Web site;
  • not to interfere or disrupt networks connected to Equity Capital Fund, Inc. services;
  • not to use any device, software or routine, or otherwise attempt to interfere with the proper functioning of this Web site or any transactions being offered or conducted at this Web site;
  • not to take any action that imposes an unreasonable or disproportionately large load on Equity Capital Fund, Inc.’s infrastructure; and
  • not to disclose your username or password to third parties or use your username or password for any unauthorized purpose.


E. Copyright Infringement.

In the event that you infringe the copyrights of a third party, Equity Capital Fund, Inc. shall terminate your access to its services in accordance with Equity Capital Fund, Inc.’s copyright infringement policy pursuant to the Digital Millennium Copyright Act. Equity Capital Fund, Inc. maintains a special e-mail address for notifications of claimed infringement concerning materials. All correspondence should be addressed to Equity Capital Fund, Inc.’s “Designated Agent to Receive Notification of Claimed Infringement” at info@equitycapitalfund.com or at Equity Capital Fund, Inc. 2604B El Camino Real #335, Carlsbad, CA 92008. Associates may contact Equity Capital Fund, Inc. with complaints regarding allegedly infringing material and Equity Capital Fund, Inc. will investigate those complaints. If the material is believed in good faith by Equity Captial Fund, Inc. to violate any applicable law, Equity Capital Fund, Inc. will remove or disable access to any such material and Equity Capital Fund, Inc. will notify the posting member that the material has been blocked or removed in accordance with its copyright infringement policy.

Equity Capital Fund, Inc. may, in its sole discretion, immediately terminate your access to Equity Capital Fund, Inc.’s services should your conduct fail to conform with any of these provisions. Some of the foregoing prohibited acts are also punishable by law.
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12. Quality, Use and Transmission of Content

You acknowledge that Equity Capital Fund, Inc. does not pre-screen content transmitted or posted by associates in community forums and chat rooms, including but not limited to text, software, music, sound, photographs, video, graphics or other material, but that Equity Capital Fund, Inc. shall have the right (but not the obligation) in its sole discretion to refuse or remove any member transmitted content that is available through its services. Without limiting the generality of the foregoing, Equity Capital Fund, Inc. shall have the right to remove any member content that violates these terms of service or is otherwise objectionable. You agree that you must evaluate, and bear all risks associated with, the use of any content or member content, including any reliance on the accuracy, completeness, or usefulness of such content or member content. In this regard, you acknowledge that you may not rely on any member content submitted to Equity Capital Fund, Inc..

You acknowledge and agree that Equity Capital Fund, Inc. may preserve member content and may also disclose member content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to: (a) comply with legal process; (b) enforce these terms of service; (c) respond to claims that any member content violates the rights of any third party; or (d) protect the rights, property, or personal safety of Equity Capital Fund, Inc., its users or the public.

You understand that the technical processing and transmission of Equity Capital Fund, Inc.’s services, including any member content, may involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices.


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13. General Practices Regarding Use and Storage

You acknowledge that Equity Capital Fund, Inc. may establish general practices and limits concerning use of its services, including, without limitation, the maximum number of days that e-mail messages, message board postings or other uploaded member content will be retained by the Equity Capital Fund, Inc. Web site. You agree that Equity Capital Fund, Inc. has no responsibility or liability for the deletion or failure to store any messages and other communications or other content maintained by or transmitted through its services. You acknowledge that Equity Capital Fund, Inc. reserves the right to log off accounts that are inactive for an extended period of time. You further acknowledge that Equity Capital Fund, Inc. reserves the right to change these general practices and limits at any time, at its sole discretion, with or without notice.

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14. Disclaimer of Warranties

YOU EXPRESSLY AGREE THAT USE OF EQUITY CAPITAL FUND, INC.’S SERVICES IS AT YOUR SOLE RISK. THESE SERVICES ARE PROVIDED ON AN “AS IS” “AS AVAILABLE” BASIS. EQUITY CAPITAL FUND, INC. EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT AS WELL AS ALL WARRANTIES ARISING BY USAGE OF TRADE, COURSE OF DEALING, OR COURSE OF PERFORMANCE. EQUITY CAPITAL FUND, INC. MAKES NO WARRANTY THAT THESE SERVICES WILL MEET YOUR REQUIREMENTS, OR THAT THESE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR FREE; NOR DOES BDIRECT CAPITAL MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF ITS SERVICES OR AS TO THE ACCURACY OR RELIABILITY OF ANY CONTENT OR ANY INFORMATION OBTAINED THROUGH THE SERVICES OR THAT DEFECTS IN ITS SERVICES WILL BE CORRECTED.

YOU UNDERSTAND AND AGREE THAT ANY MATERIAL OR DATA DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF EQUITY CAPITAL FUND, INC.’S SERVICES IS DONE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OR USE OF SUCH MATERIAL OR DATA.

NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM EQUITY CAPITAL FUND, INC. OR THROUGH OR FROM ITS SERVICES SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THESE TERMS OF SERVICE.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES, SO SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.


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15. Limitation of Liability

As a condition of membership, and in consideration of the services provided by Equity Capital Fund, Inc., you agree that neither Equity Capital Fund, Inc., nor any officer, affiliate, manager, member, agent, or employee of Equity Capital Fund, Inc. will be liable to you or any third party for any direct, indirect, incidental, special, punitive, or consequential loss of profits, loss of earnings, loss of business opportunities, damages, expenses, or costs resulting directly or indirectly from, or otherwise arising in connection with, any of the following:
  1. Reliance.

    Your use of Equity Capital Fund, Inc.’s services, including, but not limited to, damages resulting from or arising from your reliance on the services or any content, or the mistakes, omissions, interruptions, errors, defects, delays in operation, non-deliveries, mis-deliveries, transmissions, eavesdropping by third parties, or any failure of performance of any content.

  2. Termination.

    The termination of your account by Equity Capital Fund, Inc. pursuant to these terms of service.

  3. Disclosure.

    Disclosure of your identity prior to any transaction.

  4. Infringement.

    Any allegation, claim, suit, or other proceeding based upon a contention that the use of Equity Capital Fund, Inc.’s services by you or a third party infringes the copyright, patent, trademark, trade secret, confidentiality, privacy, or other intellectual property rights or contractual rights of any third party.

  5. Force Majeure.

    Any delay or failure of Equity Capital Fund, Inc. to perform due to government restriction, strikes, war, any natural disaster or any other condition beyond Equity Capital Fund, Inc.'s control.

The limitations set forth in this section apply to the acts, omissions, negligence, and gross negligence of Equity Capital Fund, Inc. and its affiliates, subcontractors, employees, associates, managers, and agents, which, but for this provision, would give rise to a course of action in contract, or any other legal doctrine.

EQUITY CAPITAL FUND, INC. SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES RESULTING FROM THE USE OR THE INABILITY TO USE EQUITY CAPITAL FUND, INC.’S SERVICES OR FOR COST OF PROCUREMENT OF SUBSTITUTE PRODUCTS AND SERVICES OR RESULTING FROM ANY PRODUCTS OR SERVICES PURCHASED OR OBTAINED OR TRANSACTIONS ENTERED INTO THROUGH THE SERVICES OR RESULTING FROM UNAUTHORIZED ACCESS TO, DELETION OR ALTERATION OF YOUR TRANSMISSIONS OR DATA OR FAILURE OF THE SERVICES TO STORE YOUR TRANSMISSIONS OR DATA, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, USE, DATA OR OTHER INTANGIBLE PROPERTY, EVEN IF EQUITY CAPITAL FUND, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

EQUITY CAPITAL FUND, INC.’S LIABILITY TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCES IS LIMITED TO THE AMOUNT OF FEES OR COMMISSIONS COLLECTED BY EQUITY CAPITAL FUND, INC. FROM YOU IN RESPECT TO THE TRANSACTION(S) TO WHICH THE DISPUTE PERTAINS.

SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.


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16. No Resale of the Services

Your right to use Equity Capital Fund, Inc.’s services is personal to you. You agree not to reproduce, duplicate, copy, sell or resell the services, without the express consent of Equity Capital Fund, Inc..

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17. Indemnification

You agree to indemnify, defend and hold harmless Equity Capital Fund, Inc., its subsidiaries, affiliates, associates, managers, officers, and employees, from any claim or demand, including reasonable attorneys’ fees made by any third party due to or arising out of your use of Equity Capital Fund, Inc.’s services, your violation of these terms of service, or the infringement by you, or any other person using your account or password, of any right of any person or entity.

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18. Termination

Either you or Equity Capital Fund, Inc. may terminate access to Equity Capital Fund, Inc. services with or without cause at any time and effective immediately. Termination shall be accompanied by a written or electronic notice to the other party. Equity Capital Fund, Inc. shall not be liable to you or any third party for termination of its services. Should you object to any provision of these terms of service or any subsequent modifications thereto, or become dissatisfied with Equity Capital Fund, Inc.’s services in any way, your only recourse is to immediately: (a) terminate use of the services; and (b) notify Equity Capital Fund, Inc. of termination. Upon termination of Equity Capital Fund, Inc. services, your right to use the services shall immediately cease and you acknowledge and agree that Equity Capital Fund, Inc. may immediately delete the files in your account or bar any further access to such files or its services; provided that, in the event that Equity Capital Fund, Inc. modifies these terms of service and you do not accept such modified terms, you shall have a period of ten (10) days to remove your files and data from your account before Equity Capital Fund, Inc. services terminate and your access to the services ceases. You further agree that Equity Capital Fund, Inc. may terminate your password, account, or use of the services in accordance with these terms of service if you fail to use the services at least once during any six (6) month period of time.

You agree that upon termination of your access to Equity Capital Fund, Inc.’s services, you will: (1) pay any and all outstanding fees and payments due to Equity Capital Fund, Inc. in full within thirty (30) days after termination; (2) perform your obligations under all outstanding sales or purchases; and (3) not disclose any information that Equity Capital Fund, Inc. has designated as confidential.

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19. Notices

All notices to a party shall be in writing and shall be made via e-mail to info@equitycapitalfund.com for notices to Equity Capital Fund, Inc., or to the e-mail address that you provide to Equity Capital Fund, Inc. as part of the membership information for notices to you, or such other address as either party may specify. Notice shall be deemed given 48 hours after the e-mail is sent, unless the sending party is notified that the e-mail address is invalid. Alternatively, notices to Equity Capital Fund, Inc. may be sent by regular mail, postage prepaid to Equity Capital Fund, Inc. address provided below. Equity Capital Fund, Inc. may also broadcast notices or messages, or other matters of importance, on this web site. Such broadcasts shall constitute notice to you.

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20. Arbitration

Any dispute between you and Equity Capital Fund, Inc. arising out of these terms of service or your use of Equity Capital Fund, Inc.’s services shall be submitted to binding arbitration in accordance with the then prevailing Commercial Arbitration Rules of the American Arbitration Association. Any such controversy or claim shall be arbitrated on an individual basis, and shall not be consolidated in any arbitration with any claim or controversy of any other party. Any arbitration shall take place before a panel of three arbitrators, one of whom shall be selected by you, one of whom shall be selected by Equity Capital Fund, Inc., and the third of whom shall be selected by the other two arbitrators. Judgment upon any award made in such an arbitration may be entered and enforced in any court of competent jurisdiction. The arbitrators shall apply the law of the State of California and the arbitration shall be held in Carlsbad, California. The arbitrators shall have the authority to award actual money damages, specific performance, and temporary injunctive relief, but the arbitrators shall not have the authority to award exemplary or punitive damages, and the parties expressly waive any claimed right to such damages. The costs and expenses of the arbitration, but not the costs and expenses of the parties, shall be shared equally by the parties; provided that if the arbitrators determine that one party prevailed in the proceeding, then the other party shall bear the entire cost and expense of the arbitration.
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21. Caution Regarding Services Relating to Financial Matters

If you intend to use or rely upon Equity Capital Fund, Inc.’s services for information regarding companies, stock quotes or valuations, or investments in securities or any other instruments, you are advised to reread the Disclaimer of Warranties and Limitation of Liability sections of these terms of service. Such information is provided for informational purposes only, and no content included in or transmitted through Equity Capital Fund, Inc.’s services is intended to be relied upon for trading or investing purposes. Equity Capital Fund, Inc. shall not be responsible or liable for the accuracy, usefulness, or availability of any information transmitted through its services, and Equity Capital Fund, Inc. shall not be responsible for any trading or investment decisions made based upon such information.
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22. General

In the event that any provision of these terms of service shall, in whole or in part, be determined to be invalid, unenforceable or void for any reason, such determination shall affect only the portion of such provision determined to be invalid, unenforceable, or void, and shall not affect in any way the remainder of such provision or any other provision of these terms of service. Equity Capital Fund, Inc. and you agree to allow a court or arbitrator to replace such an invalid, unenforceable, or void provision with a valid provision which is as similar as possible in substance to the invalid, unenforceable, or void provision. Equity Capital Fund, Inc.’s failure to act with respect to a breach by you or others does not constitute a waiver of its right to act with respect to subsequent or similar breaches. These terms of service shall be governed by and construed in accordance with the laws of the State of California, without regard to its choice of law provisions. In the event of any conflict between foreign laws, rules and regulations and those of the United States, the laws, rules and regulations of the United States shall govern. The United Nations Convention on Contracts for the International Sale of Goods shall not apply to these terms of service. You hereby consent to personal jurisdiction by the state and federal courts located in San Diego County, California. These terms of service and any modifications hereto constitute the entire agreement between the parties with regard to the subject matter hereof and supersede all prior understandings and agreements, whether written or oral, as to such subject matter. Nothing contained in these terms of service shall be deemed to constitute either party as the agent or representative of the other party, or both parties as joint venturers or partners for any purpose.
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23. Acknowledgment

You acknowledge (a) that you have read and understood these terms of service; and (b) that these terms of service have the same force and effect as a signed agreement.

Equity Capital Fund, Inc.
2604B El Camino Real #335
Carlsbad, CA 92008
info@equitycapitalfund.com
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